United States Commodity Index Fund (NYSEARCA:USCI) Short Interest Update

United States Commodity Index Fund (NYSEARCA:USCI) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 21,321 shares, a growth of 139.3% from the May 31st total of 8,910 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 26,139 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC increased its position in shares of United States Commodity Index Fund by 1.4% during the 1st quarter. Kestra Advisory Services LLC now owns 8,304 shares of the company’s stock valued at $792,000 after purchasing an additional 112 shares during the period. WealthShield Partners LLC lifted its holdings in shares of United States Commodity Index Fund by 1.1% in the first quarter. WealthShield Partners LLC now owns 13,436 shares of the company’s stock valued at $1,281,000 after buying an additional 151 shares during the period. Asset Dedication LLC boosted its stake in United States Commodity Index Fund by 2.9% during the third quarter. Asset Dedication LLC now owns 8,310 shares of the company’s stock valued at $647,000 after buying an additional 236 shares in the last quarter. Bank of America Corp DE bought a new position in United States Commodity Index Fund during the second quarter valued at about $29,000. Finally, Western Wealth Management LLC bought a new position in United States Commodity Index Fund during the first quarter valued at about $44,000.

United States Commodity Index Fund Trading Up 1.1%

USCI traded up $0.98 on Tuesday, reaching $92.64. The company had a trading volume of 11,645 shares, compared to its average volume of 23,699. The company has a market capitalization of $347.40 million, a P/E ratio of 29.98 and a beta of 0.12. The company has a fifty day moving average of $97.42 and a 200-day moving average of $89.83. United States Commodity Index Fund has a one year low of $72.73 and a one year high of $102.93.

About United States Commodity Index Fund

The United States Commodity Index Fund, LP (USCI) is an exchange-traded fund that is based on the SummerHaven Dynamic Commodity index. The fund tracks an equal-weighted index of 14 commodity futures contracts selected based on their level of backwardation and price momentum. USCI was launched on Aug 10, 2010 and is managed by US Commodity Funds.